Amazon’s debt nearly doubles in 6 months
Amazon’s debt has nearly doubled to $129 billion in 6 months. The company spent $53.1 billion on capital projects in the quarter alone.
Amazon expects to spend about $220 billion for the full year, up from the roughly $200 billion it projected earlier. The increase is due to higher memory prices.
The company’s net sales for the quarter ended June 30 were $200.6 billion, up 20% from a year earlier. Operating income came in at $27.5 billion.